Hi Alan (again!)
And that lies the problem with shares...They are subjectively priced. (I personally do not think much about intangibles but I understand their importance, especially when it comes to licences and IP.)
Are they going to make $8.6 million profit or is that just revenue?
If they are to make $8.6 million profit then I can see why the price is what it is... If it is just revenue then sorry, it would need to be closer to book value before I would be interested.
Thanks again.
firsova, page-71
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